Starbucks Corporation $SBUX Shares Sold by Vertrix Wealth Management LLC

Vertrix Wealth Management LLC lowered its position in shares of Starbucks Corporation (NASDAQ:SBUX) by 22.0% in the second quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 25,387 shares of the coffee company’s stock after selling 7,161 shares during the quarter. Vertrix Wealth Management LLC’s holdings in Starbucks were worth $2,594,000 as of its most recent filing with the SEC.

Several other hedge funds also recently made changes to their positions in the company. Allied Private Wealth LLC acquired a new stake in Starbucks in the second quarter valued at about $35,000. Wealth Science Advisors LLC increased its position in Starbucks by 317.8% during the 2nd quarter. Wealth Science Advisors LLC now owns 12,104 shares of the coffee company’s stock worth $1,237,000 after purchasing an additional 9,207 shares during the period. Sax Wealth Advisors LLC increased its position in Starbucks by 23.5% during the 2nd quarter. Sax Wealth Advisors LLC now owns 5,914 shares of the coffee company’s stock worth $604,000 after purchasing an additional 1,126 shares during the period. Hennion & Walsh Asset Management Inc. raised its stake in shares of Starbucks by 11.8% during the 2nd quarter. Hennion & Walsh Asset Management Inc. now owns 8,313 shares of the coffee company’s stock worth $850,000 after buying an additional 879 shares in the last quarter. Finally, Pine Haven Investment Counsel Inc raised its stake in shares of Starbucks by 1.0% during the 2nd quarter. Pine Haven Investment Counsel Inc now owns 42,247 shares of the coffee company’s stock worth $4,317,000 after buying an additional 425 shares in the last quarter. Institutional investors and hedge funds own 72.29% of the company’s stock.

Starbucks Price Performance

SBUX opened at $105.58 on Monday. The stock has a market cap of $120.36 billion, a P/E ratio of 60.68, a P/E/G ratio of 1.82 and a beta of 0.97. The stock’s 50 day simple moving average is $102.60 and its 200 day simple moving average is $99.60. Starbucks Corporation has a 1-year low of $77.99 and a 1-year high of $109.23.

Starbucks (NASDAQ:SBUX) last released its quarterly earnings data on Wednesday, July 29th. The coffee company reported $0.85 earnings per share for the quarter, beating the consensus estimate of $0.66 by $0.19. The firm had revenue of $9.32 billion during the quarter, compared to the consensus estimate of $9.17 billion. Starbucks had a negative return on equity of 34.10% and a net margin of 5.17%.Starbucks’s quarterly revenue was down 1.4% on a year-over-year basis. During the same period last year, the business posted $0.50 EPS. Starbucks has set its FY 2026 guidance at 2.550-2.650 EPS. Research analysts expect that Starbucks Corporation will post 2.64 EPS for the current fiscal year.

Starbucks Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, August 28th. Stockholders of record on Friday, August 14th will be given a $0.62 dividend. The ex-dividend date is Friday, August 14th. This represents a $2.48 dividend on an annualized basis and a dividend yield of 2.3%. Starbucks’s dividend payout ratio (DPR) is currently 142.53%.

Insider Activity

In other news, CEO Brady Brewer sold 2,229 shares of Starbucks stock in a transaction on Wednesday, August 5th. The stock was sold at an average price of $105.99, for a total transaction of $236,251.71. Following the completion of the transaction, the chief executive officer owned 75,135 shares of the company’s stock, valued at $7,963,558.65. The trade was a 2.88% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last three months, insiders sold 6,687 shares of company stock worth $681,663. Insiders own 0.03% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on the company. Melius Research set a $110.00 price target on Starbucks in a research note on Monday, August 3rd. Stifel Nicolaus set a $117.00 price objective on Starbucks and gave the stock a “buy” rating in a research report on Wednesday, May 6th. JPMorgan Chase & Co. raised their target price on Starbucks from $95.00 to $100.00 and gave the company an “overweight” rating in a report on Friday, April 24th. Raymond James Financial lowered shares of Starbucks to an “outperform” rating in a research report on Monday, August 3rd. Finally, Wedbush began coverage on shares of Starbucks in a research note on Thursday, May 14th. They set an “outperform” rating on the stock. Nineteen analysts have rated the stock with a Buy rating, eleven have given a Hold rating and four have assigned a Sell rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $111.96.

Starbucks Profile

Starbucks Corporation is a global coffeehouse chain and roaster that operates, licenses and franchises coffee shops and related retail businesses. Founded in Seattle, Washington in 1971 by Jerry Baldwin, Zev Siegl and Gordon Bowker, the company grew from a single store focused on whole-bean coffee and equipment into a broad consumer-facing brand. Howard Schultz, who joined the company later and served in senior leadership roles, is widely credited with transforming Starbucks into a mass-market specialty coffee retailer and expanding its footprint internationally.

Starbucks’ core activities center on the retail sale of hot and cold specialty beverages, whole-bean and packaged coffees, teas and ready-to-drink products, along with complementary food items and merchandise such as mugs and brewing equipment.